Small Business Bankruptcy

If your small business is struggling with debt, bankruptcy may provide some relief.

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If your small business is struggling with debt, bankruptcy may provide some relief. Whether bankruptcy can help depends on a number of factors, including:

the legal form of your business -- for example, is your business a sole proprietorship, general partnership, corporation, or limited liability company?
whether you are personally liable for business debts
whether you want to close your business or keep it running, and
how much and what types of debts you have.

In this area, you can find information on using Chapter 7, Chapter 13, and Chapter 11 bankruptcy for business debts, how to figure out if you are personally liable for business debts, whether you can get credit or loans after filing bankruptcy for your business, and whether there are nonbankruptcy alternatives to deal with business debt in your situation.

Overview Articles

Start here to learn about filing for bankruptcy for your small business.

Bankruptcy for Small Business: An Overview
Chapter 7, Chapter 13, and Chapter 11 bankruptcy may help your small business if it is struggling with debt. Learn more.
Chapter 7 for Small Business Owners: An Overview
If you are a struggling small business owner, filing for Chapter 7 bankruptcy may help save your business or provide a simple way to liquidate it.
Chapter 13 Bankruptcy for Small Businesses: An Overview
If you're a small business owner struggling with debt, Chapter 13 bankruptcy may help you reorganize your debts and save your business.
Chapter 11 Bankruptcy for Small Business Owners
With Chapter 11 bankruptcy, a small business can restructure and eliminate debts and continue in operation.
Will Bankruptcy Help If I Want to Continue My Business?
Find out if bankruptcy can help your struggling business keeps its doors open.

Personal Liability for Business Debt

Are You Personally Liable for Business Debts?
Whether you can be held personally liable for the debts of your business depends on the structure of your business and how it was formed.
When You Might Be Personally Liable for LLC or Corporate Debt
Sometimes, you can become personally liable for the debt of your corporation or LLC. Learn how this happens.
Is Your Spouse Liable for Your Business Debts?
Whether your spouse is liable for your business debts depends on how your business is organized and how the debt was incurred.

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Bankruptcy for Small Business Owners

When your small business is underwater, you need to know how to handle your own personal bankruptcy filing. Spare yourself the legal fees and get Bankruptcy for Small Business Owners, the only book that shows you how to handle chapter 7 as a business owner.

More Articles: Chapter 7, Chapter 11 & Chapter 13

Click on the below links to get more information about Chapter 7, Chapter 11, and Chapter 13 bankruptcy for businesses.

Chapter 7 for Small Business Owners
Here you'll find more articles on filing Chapter 7 bankruptcy for your small business.
Chapter 13 for Small Business Owners
Find more articles on Chapter 13 for small businesses here.
Chapter 11 for Small Business Owners
Articles on filing for Chapter 11 if you own a business.
Chapter 7 v. Chapter 13 for Small Business Owners
Not sure which type of bankruptcy is best for your small business? Learn the pros and cons of Chapter 7 and Chapter 13 bankruptcy.
Chapter 13 v. Chapter 11 Bankruptcy for Small Business Owners
Learn about the differences between Chapter 11 and Chapter 13 business bankruptcies.

Alternatives to Business Bankruptcy

If your business is inundated with debt, bankruptcy is not your only option.

Alternatives to Bankruptcy for Small Businesses
Here you'll find articles on selling your business, liquidating your business, and more options for struggling businesses.
Going Out of Business
You can negotiate your own debt settlements when you wind down your business, but follow these practical steps to avoid future personal liability.

Your Credit After a Business Bankruptcy

Find out what happens to your credit after you file for bankruptcy for your small business.

Starting a New Business After Bankruptcy
Tips for getting credit and setting up a new business after you have filed for bankruptcy.
Can I get a small business loan after bankruptcy?
You can probably get a business loan after bankruptcy, but it will be more difficult. Learn what steps to take to increase your chances of getting a loan.
Will business bankruptcy affect my credit?
Whether a business bankruptcy will affect your personal credit depends on whether you are personally liable for the business debt.